Late submission of Self Assessment tax returns – Penalties

Following the Self Assessment submission deadline of 31 January 2019 for online submissions, HM Revenue and Customs (HMRC) send out a £100 penalty notice to those individuals who did not submit their tax return on time.

These penalty notices are normally sent out in February, but due to an increased workload as a result of the UK’s impending exit from the European Union the issuing of penalty notices is delayed. HMRC expect these to be issued by the end of April at the latest.

If individuals are therefore not aware that the tax return is outstanding, not only will the £100 penalty be incurred, but there would also be additional penalties of £10 per day for a maximum of 90 days from 1 May 2019 if the tax return is not submitted by this date. There will also be increased interest and late penalties on any tax owed to HMRC.

We therefore recommend that individuals check that their 2017/18 tax return had been submitted as soon as possible, and if they receive a penalty notice in April that is acted upon quickly to avoid further penalties and interest.

If you would like any assistance from MHA Moore & Smalley please don’t hesitate to get in touch. Please email Evie Procter or call us on 01524 62801.